The sixth largest Mega Millions jackpot is set to be drawn Friday night.
There is an estimated $687 million jackpot, which comes with a $333.4 million cash option. The winning numbers will be drawn at 11 p.m. EST Friday.Mega MillionsLottery jackpots grow so large because the odds of winning are so small. For Mega Millions, the odds of winning the jackpot are about 1 in 302.6 million.
Winnings will also be taxed by the federal government. There's a mandatory 24% federal withholding for winnings above $5,000 that goes straight to the IRS. Some states tax lottery winnings as well.Check back at this NBC station for the winning numbers later tonight. Millions, if not billions, are up grabs once a winning lotto ticket goes unclaimed. What to know about who gets to keep it.
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